stressed assets
TMT
Private equity consortium takes scissors to agritech firm's debt
An asset reconstruction company (ARC), backed by Kotak Mahindra Group, has managed to sell a stressed agri biotech firm to a ......
Finance
Former SBI chairman joins Kotak special situations fund as exclusive adviser
Rajnish Kumar, former chairman of State Bank of India (SBI), has joined Kotak Investment Advisors Limited (KIAL) as an exclusive ......
Finance
We have seen normalcy return since December: Aswini Sahoo, Arcil
After a pause on bad loan purchases and recoveries during the pandemic, India’s oldest asset reconstruction company Arcil hopes to ......
Finance
Mumbai ARC, Singapore trader to acquire distressed steel maker
A Mumbai-based asset reconstruction company (ARC) and a Singaporean commodity trader are all set to give a close-cropped haircut to ......
Manufacturing
Bankrupt firm, once backed by Citi fund, finds suitors in Ravi Jhunjhunwala, others
A bankrupt textile firm, previously backed by Citigroup fund, has found suitors including a group firm owned by Ravi Jhunjhunwala. CLC ......
Finance
Budget 2021: Govt to set up ‘bad bank' to manage rising NPAs
India will soon set up the long discussed ‘bad bank’ or an asset reconstruction company (ARC) to address rising non-performing ......
Consumer
A unit of The Pioneer's publisher enters bankruptcy
A firm of The Pioneer group, which is owned by journalist Chandan Mitra and publishes The Pioneer newspaper, has entered ......
Finance
JC Flowers, Eight Capital to launch distressed fund backed by IFC
US-based PE firm JC Flowers and India’s distressed assets investor Eight Capital will launch a $500 million (about Rs 3,640 ......
Healthcare
Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal
Lenders of a bankrupt bulk drugs and chemicals maker backed by a Piramal Group promoted private equity fund are staring ......
Finance
Delhi based ARC raises most of targeted corpus for debut fund; invests in bankrupt power co
A New Delhi based asset reconstruction company (ARC) has raised the majority of targeted commitments for its debut fund from ......
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